Topaz Energy (TSE:TPZ) Price Target Raised to C$33.00

Topaz Energy (TSE:TPZ) had its price target upped by investment analysts at ATB Cormark Capital Markets from C$31.00 to C$33.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price would suggest a potential upside of 7.18% from the company’s current price.

Other research analysts have also recently issued research reports about the company. National Bank Financial set a C$33.50 price objective on Topaz Energy and gave the stock an “outperform” rating in a research note on Friday, January 9th. Raymond James Financial boosted their price objective on shares of Topaz Energy from C$32.00 to C$34.00 in a research note on Tuesday, December 9th. Scotiabank upgraded Topaz Energy to a “strong-buy” rating in a report on Friday, November 28th. Finally, Jefferies Financial Group lowered their price target on Topaz Energy from C$31.00 to C$30.00 in a report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Topaz Energy presently has a consensus rating of “Buy” and an average price target of C$32.81.

Topaz Energy Trading Up 0.7%

Shares of Topaz Energy stock traded up C$0.20 during trading on Wednesday, hitting C$30.79. The stock had a trading volume of 180,258 shares, compared to its average volume of 441,714. The firm’s fifty day simple moving average is C$28.02 and its 200-day simple moving average is C$26.70. The stock has a market cap of C$4.74 billion, a PE ratio of 83.22 and a beta of 0.27. The company has a debt-to-equity ratio of 36.45, a current ratio of 1.89 and a quick ratio of 7.17. Topaz Energy has a 12 month low of C$21.00 and a 12 month high of C$31.16.

About Topaz Energy

Topaz Energy Corp is a royalty and energy infrastructure company focused on generating free cash flow growth and paying reliable and sustainable dividends to its shareholders, through its strategic relationship with Canada’s natural gas producers, and leveraging industry relationships to execute complementary acquisitions from other high-quality energy companies, while maintaining its commitment to environmental, social and governance practices. It generates revenue from the Royalty Assets, which generate the company’s Royalty Production Revenue; and the Infrastructure Assets, which generate the company’s Processing Revenue and Other Income.